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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 750]
Wellington Drive narrows first-half loss
Wednesday, 26 August 2015, 1:52 pm | BusinessDesk
Aug. 26 (BusinessDesk) - Wellington Drive Technologies, the unprofitable maker of energy efficient motors, narrowed its first-half loss as gains in the Latin America market and a weaker kiwi dollar bolstered sales. More >>
SkyCity still weighing US private placement of notes
Wednesday, 26 August 2015, 1:23 pm | BusinessDesk
Aug. 26 (BusinessDesk) - SkyCity Entertainment Group may raise more capital selling notes in the US private placement market after completing the sale of as much as $125 million of seven-year bonds next month that it plans to use to repay bank debt. More >>
MetroGlass expects 1H profit to miss prospectus forecast
Wednesday, 26 August 2015, 12:59 pm | BusinessDesk
Aug. 26 (BusinessDesk) - Metro Performance Glass expects first-half profit to be below its prospectus forecast as capacity constraints in New Zealand's construction industry weighs on the country's largest glass processor. More >>
UPDATE: Air NZ's Luxon trumpets record result
Wednesday, 26 August 2015, 11:46 am | BusinessDesk
UPDATE: Air NZ's Luxon trumpets record result in global airline market where many struggle More >>
NZ trade deficit smaller than expected in July
Wednesday, 26 August 2015, 11:19 am | BusinessDesk
Aug. 26 (BusinessDesk) - New Zealand's trade deficit was smaller than expected in July as exports of fruit and meat drove overseas sales higher, and offset flat dairy export receipts. More >>
Marsden Maritime posts flat annual profit
Wednesday, 26 August 2015, 10:40 am | BusinessDesk
Aug. 26 (BusinessDesk) - Marsden Maritime Holdings, formerly Northland Port Co, reported a flat annual profit as the volume of logs it processed was little changed form a year earlier. More >>
Ebos posts 15% gain in full-year profit
Wednesday, 26 August 2015, 10:03 am | BusinessDesk
Ebos posts 15% gain in full-year profit, driven by sales, margin growth in Australian healthcare More >>
Metlifecare lifts annual profit 78% as property values jump
Wednesday, 26 August 2015, 10:03 am | BusinessDesk
Aug. 26 (BusinessDesk) - Metlifecare, New Zealand's second-largest listed retirement village operator, lifted annual profit 78 percent after its properties jumped in value. More >>
Air NZ delivers bumper $327 mln profit on strong demand
Wednesday, 26 August 2015, 9:08 am | BusinessDesk
Aug. 26 (BusinessDesk) - Air New Zealand, the national carrier, boosted annual profit 24 percent on strong demand, cost efficiencies and lower fuel prices, though underlying earnings missed the airline's guidance. More >>
NZ dollar edges lower as markets stabilise on China rate cut
Wednesday, 26 August 2015, 8:30 am | BusinessDesk
Aug. 26 (BusinessDesk) - The New Zealand dollar stabilised overnight following a period of volatile trading as investor confidence about weakness in China abated after the Chinese central bank cut interest rates to stimulate the world's second-largest ... More >>
While you were sleeping: Relief on China rate cut
Wednesday, 26 August 2015, 8:11 am | BusinessDesk
Aug. 26 (BusinessDesk) - Wall Street rose, rebounding from Monday’s sell-off, as investors reassessed valuations after China’s central bank cut rates yet again in an effort to contain the country’s economic slowdown. More >>
MARKET CLOSE: NZ shares rise, led by Westpac, ANZ, Spark
Tuesday, 25 August 2015, 5:43 pm | BusinessDesk
Aug. 25 (BusinessDesk) - New Zealand shares rose, led by Westpac Banking Corp, as dual-listed stocks rebounded from a sharp drop yesterday. Australia and New Zealand Banking Group and Spark New Zealand gained. More >>
NZ dollar bounces from six-year low
Tuesday, 25 August 2015, 5:12 pm | BusinessDesk
Aug. 25 (BusinessDesk) - The New Zealand dollar bounced from a six-year low after two days of turmoil spurred by the prospect of deteriorating Chinese economy. More >>
Air NZ to continue alliance with Cathay Pacific
Tuesday, 25 August 2015, 4:26 pm | BusinessDesk
Aug. 25 (BusinessDesk) - Air New Zealand's has had its alliance with Hong Kong-based Cathay Pacific on the Auckland-Hong route has been extended for another four years after the national airline got sign-off from Transport Minister Simon Bridges. More >>
SLI CEO Ryan bemoans weak stock, says it should be $2-plus
Tuesday, 25 August 2015, 4:16 pm | BusinessDesk
Aug. 25 (BusinessDesk) - SLI Systems chief executive Shaun Ryan says the company's share price is "significantly under-priced" and could be at least four times higher based on other public software-as-a-service valuations. More >>
Beingmate shares drop to 2 1/2 yr low in Chinese stock rout
Tuesday, 25 August 2015, 4:14 pm | BusinessDesk
Aug. 25 (BusinessDesk) - Beingmate Baby & Child Food Co shares fell to their lowest since February 2013, after being caught up in the global share-market rout that's dented Chinese equity markets, slicing more than $200 million from Fonterra ... More >>
NZ firms see looser monetary conditions on near horizon
Tuesday, 25 August 2015, 3:54 pm | BusinessDesk
NZ firms see looser monetary conditions on near horizon Aug. 25 (BusinessDesk) - New Zealand businesses expected monetary conditions to be looser by the end of the third quarter and one year out, compared to their expectations three months ago, ... More >>
Slumping equities, commodities may continue, but not a GFC
Tuesday, 25 August 2015, 3:02 pm | BusinessDesk
Aug. 25 (BusinessDesk) - The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More >>
Smiths City sales slip 2% on store closures, weaker demand
Tuesday, 25 August 2015, 2:59 pm | BusinessDesk
Aug. 25 (BusinessDesk) - Smiths City, which is selling its flagship Colombo St store in Christchurch to repay debt, said sales fell in the first four months of the year after it shuttered unprofitable outlets and spending dipped in rural areas. More >>
Solid Energy creditors vote against committee
Tuesday, 25 August 2015, 1:52 pm | BusinessDesk
Aug. 25 (BusinessDesk) - The creditors for failed state-owned coal miner Solid Energy have voted against setting up a committee to liaise with the company's administrators, Brendon Gibson and Grant Graham of KordaMentha, who got approval from the lenders. More >>
